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BTCC vs BTCI

Grayscale Funds Trust

BTCCANYSE Arca

NEOS Bitcoin High Income ETF

BTCICCboe

Overlap

Expense ratio

BTCC −0.33pt a year

BTCC0.66%BTCI0.99%

Avg volume · 30D

BTCI 23.3×the volume

BTCC23.9KBTCI556K

BTCC vs BTCI Performance

Oct 31, 2025 – Nov 2, 2026

−27.5%BTCC−29.4%BTCI

Oct 31, 2025 to Nov 2, 2026. BTCC −27.5%. BTCI −29.4%. Use the arrow keys to read each point.−40%−20%−10%0%Oct 2025May 2026Nov 2026
Expense ratio
BTCC 0.66%, better
BTCI 0.99%
Fund size
BTCC $15M
BTCI $1.33B
1Y total return
BTCC −27.5%, better
BTCI −29.4%
Yield (12M)
BTCC 65.99%, better
BTCI 31.31%
Holdings
BTCC 3
BTCI 6
Avg volume (30D)
BTCC 23.9K sh
BTCI 556K sh, better
NAV per share
BTCC $12.40
BTCI $30.45
52W range

ETF.net Grade

BTCC: Cost 90, Risk 65, Mission not scored, Tradability 44, Holdings not scored, Durability 51. BTCI: Cost 24, Risk 52, Mission 70, Tradability 94, Holdings 48, Durability 91.
Pillar letters and Scores for BTCC, BTCI, with each pillar’s weight
PillarBTCCBTCI
Cost30% weightA90HigherF24
Mission25% weightNot scoredA70
Risk15% weightB65HigherC52
Tradability15% weightC44A94Higher
Holdings10% weightNot scoredC48
Durability5% weightC51A91Higher

Rank among Crypto Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BTCC and BTCI are both graded against the same 21 Crypto Option Income funds, so their Grades compare head to head.

Crypto Option Income⁠

Category · 21 funds
See all 21 ›

BTCC ranks 2nd and BTCI 8th of 21 funds in the Crypto Option Income Category.

  1. Rank 1ABITAThe iShares Bitcoin Premium Income ETFScore 88
  2. Rank 2ABTCCGrayscale Funds TrustScore 70
  3. Rank 3BCEPIREX Crypto Equity Premium Income ETFScore 65
  4. Rank 6CXBCINEOS Boosted Bitcoin High Income ETFScore 52
  5. Rank 8CBTCINEOS Bitcoin High Income ETFScore 51
  6. Rank 9CXRPMAmplify XRP 3% Monthly Option Income ETFScore 46

Our read on each fund

ETF.net Research

BTCCAGrayscale Funds Trust

BTCICNEOS Bitcoin High Income ETF

In short

BTCC Grayscale's income angle on bitcoin: rather than just holding the asset, BTCC sells calls against bitcoin ETPs to convert crypto volatility into cash. Income first, bitcoin participation second, at a fee that undercuts most of its covered-call peers.

BTCI Bitcoin with a paycheck attached. BTCI holds spot bitcoin ETPs plus synthetic bitcoin exposure built from options, then writes calls against it to turn crypto's famous volatility into monthly cash.

Stated mandate

BTCC The Fund seeks current income and, secondarily, participation in Bitcoin returns through options on Bitcoin exchange-traded products designed to track Bitcoin's price.

BTCI The Fund seeks high monthly income and potential appreciation through exposure to exchange-traded products with direct Bitcoin exposure. It combines spot Bitcoin ETPs, synthetic Bitcoin options exposure, and written call options.

Why people hold it

  • BTCC Runs at 0.66% a year, below the typical fee in its crypto options-income group and cheaper than peers like CEPI and DFII at 0.85%.
  • The mandate is blunt: current income first, bitcoin participation second, using options on bitcoin exchange-traded products. No mystery about the job.
  • Top quartile of its crypto options-income peer group, one of the stronger implementations on that shelf.
  • Exposure runs through options on listed bitcoin ETPs, so no wallets, keys or crypto exchange accounts. It sits in an ordinary brokerage account.
  • BTCI The income comes from bitcoin's own volatility: spot bitcoin ETPs and synthetic options exposure, with written calls harvesting premium on top. Pays monthly.
  • Actively managed rather than a fixed calendar of strikes, so the manager can adjust the call-writing as bitcoin's option premiums swing.
  • A billion-dollar-plus fund that trades actively, which is rare air in the young crypto-income aisle and generally means easier fills.
  • Sits in the upper half of its crypto option-income peer group on our overall read, one of the sturdier builds in a category full of experiments.

Worth knowing

  • BTCC Covered calls swap upside for income. When bitcoin rips, the sold calls hand back part of the move, while the drawdowns still come through.
  • A small fund that trades lightly, so spreads can widen. Limit orders and patience do real work here.
  • Launched in 2025, so the track record is short and covers only a slice of a crypto cycle.
  • BTCI Written calls trade away part of a big bitcoin run-up for premium today. This is an income vehicle first, not full exposure to bitcoin's moves.
  • The fund discloses that distributions can include return of capital, meaning part of a payout may be your own money coming back rather than earnings.
  • At 0.99% the fee runs above the crypto-income median of 0.96%, and above peers like CEPI (0.85%) and BAGY (0.65%). Launched in 2024, so the track record is short.

Full BTCC profile⁠

Full BTCI profile⁠

BTCC vs BTCI Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BTCC vs BTCI Cost

Overpaying BTCI vs BTCC

$5,629

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BTCC 0.66%

    $12,896

  • BTCI 0.99%

    $18,525

$10,000
30 years

Cost over time

  • BTCC 0.66%
  • BTCI 0.99%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BTCI $18,525BTCC $12,896

Year by year

YearBTCCBTCIOverpaying
10$1,180$1,746$566
20$4,504$6,565$2,061
30$12,896$18,525$5,629

Expense ratio

  • 0.66%BTCC, cheaper
  • 0.99%BTCI
  • Middle half of Crypto Option Income funds
  • Median 0.85%

BTCC 5th cheapest of 21 funds

BTCI 16th cheapest of 21 funds

BTCC vs BTCI Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
BTCC 65.99%, better
BTCI 31.31%
Payout (12M)
BTCC $8.16
BTCI $9.53
Last payment
BTCC $0.22
BTCI $0.70
Ex-dividend
BTCC Oct 29, 2026
BTCI Oct 21, 2026
Paid on
BTCC Oct 30, 2026
BTCI Oct 23, 2026
Frequency
BTCC Irregular
BTCI Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

BTCCIrregular · 34 paymentsAll BTCC payments⁠
One bar per payment. 34 payments from 2024 to 2026 YTD. Apr 30, 2025 $1.64; May 21, 2025 $0.94; Jun 25, 2025 $1.97; Jul 23, 2025 $1.85; Aug 14, 2025 $0.74; Aug 28, 2025 $1.18; Sep 12, 2025 $0.95; Sep 29, 2025 $0.89; Oct 14, 2025 $0.70; Oct 29, 2025 $0.62; Nov 13, 2025 $0.60; Nov 26, 2025 $0.57; Dec 12, 2025 $0.55; Dec 29, 2025 $0.53; Jan 14, 2026 $0.41; Jan 29, 2026 $0.37; Feb 12, 2026 $0.37; Feb 26, 2026 $0.37; Mar 12, 2026 $0.36; Mar 30, 2026 $0.37; Apr 14, 2026 $0.22; Apr 29, 2026 $0.38; May 14, 2026 $0.35; May 28, 2026 $0.28; Jun 12, 2026 $0.28; Jun 29, 2026 $0.26; Jul 14, 2026 $0.19; Jul 30, 2026 $0.26; Aug 13, 2026 $0.23; Aug 28, 2026 $0.22; Sep 14, 2026 $0.23; Sep 29, 2026 $0.26; Oct 14, 2026 $0.26; Oct 29, 2026 $0.22. Use the arrow keys to read each point.$0$22026YTD
BTCIMonthly · 25 paymentsAll BTCI payments⁠
One bar per payment. 25 payments from 2024 to 2026 YTD. Oct 23, 2024 $1.13; Nov 20, 2024 $1.41; Dec 24, 2024 $1.46; Jan 22, 2025 $1.57; Feb 26, 2025 $1.43; Mar 26, 2025 $1.34; Apr 23, 2025 $1.26; May 21, 2025 $1.51; Jun 25, 2025 $1.40; Jul 23, 2025 $1.47; Aug 20, 2025 $1.42; Sep 24, 2025 $1.34; Oct 22, 2025 $1.30; Nov 26, 2025 $1.02; Dec 24, 2025 $1.00; Jan 21, 2026 $1.04; Feb 18, 2026 $0.76; Mar 18, 2026 $0.78; Apr 22, 2026 $0.80; May 20, 2026 $0.79; Jun 16, 2026 $0.65; Jul 22, 2026 $0.65; Aug 19, 2026 $0.63; Sep 16, 2026 $0.72; Oct 21, 2026 $0.70. Use the arrow keys to read each point.$0$22026YTD

BTCC vs BTCI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BTCC 29.0%since May 2025BTCI 41.5%since Nov 2024
Return per unit of riskSharpe ratio, 3 years
BTCC −0.65since May 2025BTCI 0.16since Nov 2024
Worst fallMax drawdown, 5 years
BTCC −44.3%since Apr 2025BTCI −48.4%since Oct 2024
Market sensitivityBeta, 5 years
BTCC 1.01BTCI 1.42

BTCC and BTCI in the news

All news⁠

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